Fox Business Flash top headlines for March 29
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
Nike on Monday filed a copyright infringement lawsuit against MSCHF over its controversial “Satan shoes” collaboration with rapper Lil Nas X.
The shoes are unofficial designs of Nike’s trademark Air Max 97 design, though the shoe company has said it is not involved with the creation or sale of the shoes.
The shoes, which contain a drop of human blood in the sole, went on sale Monday for $1,018 per pair. They are decorated with a pentagram and a reference to Luke 10:18, a Bible verse about Satan's fall from heaven.
Only 666 pairs were made available, and all were sold out shortly after going on sale.
Lil Nas X is not named as a defendant in the lawsuit. Shortly after the lawsuit was announced he posted a tweet showing a homeless Squidward from Spongebob Squarepants begging for change.
CLICK HERE TO GET FOX BUSINESS ON THE GO
"Nike filed a trademark infringement and dilution complaint against MSCHF today related to the Satan Shoes," Nike told Fox Business in a statement. "We don't have further details to share on pending legal matters. However, we can tell you we do not have a relationship with Lil Nas X or MSCHF. The Satan Shoes were produced without Nike's approval or authorization, and Nike is in no way connected with this project."
This is a developing story. Check back for updates.
Source: Read Full Article